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Retail technology solutions provider StrongPoint names Neil McCourt as strategic advisor; McCourt formerly served as Tesco's retail managing director and at Amazon as VP for Fulfilment in Europe

Citi maintains Amazon's buy rating, raises target by US$20 to US$235, and expects 10% operating income margins by 2025 due to advertising strength, improving retail efficiencies; Amazon’s retail business is main driver of margin expansion thesis

Amazon to expand its drone delivery program to the West Valley of metro Phoenix later this year; the program, which is pending FAA approval, will be fully integrated into Amazon’s delivery network

Amazon launches new US grocery delivery subscription that will cost US$9.99 per month and include unlimited grocery deliveries from Whole Foods, Amazon Fresh and other local retailers in 3,500 US cities with orders over US$35

Commentary: With Amazon's AI model saving 500,000 tons of packaging per year, there is a large opportunity for other companies to use AI to reduce packaging waste; however, Amazon's vast amount of data gives it an edge in implementing AI effectively

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